Company Performance - Sweetgreen, Inc. (SG) shares decreased by 1.6% to $8.02, underperforming the S&P 500's gain of 0.26% on the same day [1] - Over the past month, Sweetgreen's shares have declined by 10.44%, while the Retail-Wholesale sector gained 0.76% and the S&P 500 increased by 2.87% [1] Earnings Forecast - Sweetgreen is projected to report earnings of -$0.16 per share, reflecting a year-over-year growth of 11.11% [2] - The consensus estimate for revenue is $183.58 million, indicating a 5.85% growth compared to the same quarter last year [2] Full-Year Estimates - The Zacks Consensus Estimates for Sweetgreen's full-year earnings are -$0.71 per share and revenue of $713.85 million, representing year-over-year changes of +10.13% and +5.47%, respectively [3] - Recent changes in analyst estimates suggest a positive outlook on business performance and profit potential [3] Analyst Ratings - The Zacks Rank system, which assesses estimate changes, currently ranks Sweetgreen at 4 (Sell) [5] - Over the past month, the Zacks Consensus EPS estimate has decreased by 4.48% [5] Industry Context - Sweetgreen operates within the Retail - Restaurants industry, which currently holds a Zacks Industry Rank of 193, placing it in the bottom 22% of all industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a challenging environment for Sweetgreen [6]
Sweetgreen, Inc. (SG) Stock Falls Amid Market Uptick: What Investors Need to Know